QR Code-Based ATM Cash Withdrawals and Deposits

Utilizes QR codes to facilitate cash withdrawals and deposits at ATMs without involving the processing center.

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How It Works

Scan QR

The user scans a QR code generated at the ATM using the bank's mobile app

Enter the Password

Once the user confirms this data in the app, the ATM generates a one-time password to enter on his phone

Make a Choice

Then selects the amount and currency of the transaction and the denominations of bills in the application

Get or Deposit the Money

Then the ATM dispenses or accepts the required amount

Advantages

  • Reduced client service time
  • Simplified cash withdrawal or deposit process
  • Enhanced significance of the banking mobile application
  • Contactless interaction with the device (especially relevant during epidemics)
  • High level of transaction security thanks to multi-level authentication